Deerfield, Ill.-based Walgreens will be introducing the first implementations of its new store format later this spring, or in early summer, executives said Monday night at the 36th Annual J.P. Morgan Healthcare Conference. The new format will mark the first major overhaul of the core Walgreens format since the finalization of its merger with Alliance Boots in December 2014.
Launching into more than 300 Walmart locations in January, the Boobie Bar origin story is reminiscent of the popular Airborne immune boosting supplements.
When it comes to retail, millennials have a lot going for them. They represent 92 million U.S. consumers in their prime spending years. They are the first truly digital generation. They have high disposable incomes, and control more than $600 billion in annual purchasing power. By 2020, millennial spending in the United States is projected to balloon to $1.4 trillion annually and will represent 30% of total retail sales. These shoppers are tech savvy, plugged in and well-informed — and demanding.